Investment activity in Canadian hotels took a major dip in 2018, but not due to a lack of demand. CBRE’s Canadian Hotels Outlook 2019 report cites a lack of available product as the industry experiences a boom in occupancy and revenues.
Canadian CRE delivered a 7.73% return, and held its own internationally, according to the MSCI/REALPAC Canada Quarterly Property Fund Index. “We’re always challenging ourselves with what role real estate plays in an institutional portfolio,” said TD Greystone Asset Management’s Matt Sych.
Canada’s weather may be volatile, but the forecast for CRE investment is increasingly moderate as the focus turns from wealth creation to wealth preservation. That’s the trend at play for Nick Pantieras and Aik Aliferis of Marcus & Millichap in Ottawa.
Giant Tiger may soon have a larger den to call home, as the Ottawa-based discount retail chain has filed plans with the city to expand its existing corporate headquarters on Walkley Road.
An Ottawa city councillor says two 27-storey towers proposed for a downtown lot have too much parking and not enough affordable housing. The proposal by Claridge Homes will go before the city’s planning committee on May 23.
We live in a global business environment, and real estate investing is no exception. Seeking to diversify their portfolios and take advantage of higher-yielding opportunities, many investors are looking to overseas real estate markets.
BTB Real Estate Investment Trust (BTB-UN-T) announced the acquisition of an industrial property located at 2425 Pitfield Boulevard in Saint-Laurent, Qué. The $11.9-million acquisition has a total leasable area of more than 65,000 square feet.
The Ontario government pulled in $200 million in one year from the foreign-buyers tax on real estate as the market continued to see a decline in international purchases, according to previously unreleased figures.
With billions of dollars in dirty money being laundered through Toronto real estate each year, realtors are questioning why Ontario hasn’t taken action to require the real owners of property to identify themselves.
CORRECTED AT SOURCE: Incorrect material was included in original story.
Toronto’s historical Matador ballroom in Little Italy is officially closing following years of failed revamps, reopenings and attempts to get city permits. The building was sold to a private buyer.
Days after the City of Ottawa said it would go to court if necessary to prevent the Kanata Golf and Country Club from being redeveloped, the club’s owners say they have no update on what might replace the 50-year-old course.
The golf-industry organizations that lead the sport throughout North America are feeling a transformative spirit in their office space, as they look to a more progressive and modern approach to promoting golf.
Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years.
Trump Tower, once the crown jewel in Donald Trump’s property empire, now ranks as one of the least desirable luxury properties in Manhattan. The 36-year-old building has been turned into a fortress since Trump won the presidency.
REIT first-quarter financial results
The Housing Supply Action Plan announced by the Government of Ontario last week represents the first major step — by any provincial government — to address availability and affordability in the market.
Canadian home prices were unchanged in April, failing to rise for the eighth consecutive month, data showed on Tuesday. The Teranet-National Bank Composite House Price Index measures changes for repeat sales of single-family homes.
Real estate website Point2Homes has published an analysis of condo prices per square foot in 11 pricey real estate markets around the world – Vancouver, London, New York, San Francisco, Singapore, Paris, Hong Kong, Tokyo, Zurich, Geneva and Monaco.
Re/Max’s 2019 Liveability Report, which examines a range of quality-of-life factors to determine which Canadian neighbourhoods are felt to be most “livable,” found Transcona stands as a very good example of what modern suburb design should strive to be.